Montreat College

Thomas S. McPheeters Fund

Beneficiary location:

Montreat, NC

Account number: 103120057341

Designated Use

Excerpt from Thomas S. McPheeters' letter dated 11/19/1958 - paragraph 2 - either for the expenses of the College or Scholarships. Statement dated 11/21/1958 from Presbyterian Foundation, Inc., excerpt says: To assist in the work of Montreat College, Montreat, North Carolina, and continued so long as the College exists and serves as a Christian institutions for the education of youth. If there should ever arise a condition in which the income could not be thus expended, the donor asks the Trustees [Presbyterian Foundation, Inc.] to exercise their discretion as to some continued use of the income for the promotion of the Church of our Lord Jesus Christ.